Alcoa Earnings Preview
10:46 America/Los_Angeles 11 Jan 2010 
1 Comment
Alcoa kicks off earnings tonight. Obviously the industry that Alcoa falls into has been red hot as of late with the falling dollar. It will be interesting to see what the numbers look like. Below is a chart showing the earnings expectations and the past earnings of the last year or so with a back lay of the stocks chart. The year over year comparison of Q4 earnings has the potential to spark a rally based on validation of Alcoa turning the corner from the depths of last March. 2008 Q4 earnings -$0.28 and the expectations for 2009 Q4 is $0.05, which is quite a difference and even more so for next quarter if they set positive outlooks.
Looks like AA surprised with a miss! They came in at $0.01 instead of the forecast of $0.05 to $0.06. Right now I have them down around 4% after hours.